Low Income Apartments and Affordable Housing For Rent in East Lynne, MO

Discover affordable housing in East Lynne where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Silver Manor Senior Citizen Hsg

206 South Street, East Lynne, Missouri

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In East Lynne, Missouri
$23.83/hour
$11.53 (+94%) more than Missouri minimum wage and $16.58 (+229%) more than the Federal minimum wage.
Learn More About East Lynne, Missouri Affordable Housing ↓

How many renters live in East Lynne, Missouri?

The City of East Lynne has 203 people living in 85 households.

There are 84 renters living in 35 renter households in this City. Renters make up 41.38 percent of the population living in East Lynne.

What is the rental market like in East Lynne, Missouri?

There are an estimated 97 housing units in the East Lynne area. Of these, 35 units are rental homes, making up 36 percent of the housing market. For every renter household in East Lynne, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in East Lynne?

The rental vacancy rate in East Lynne is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in East Lynne for each bedroom size?

Occupied Rental Units by Size in East Lynne
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 2 21 3
Occupied Rental Units by Size in East Lynne

A large number of apartments in East Lynne have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in East Lynne are overburdened by housing costs?

Among renter households in this market, 31 percent have housing cost burden. Further, 11 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in East Lynne

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,931. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $985
One BR $1,098
Two BR $1,258
Three BR $1,645
Four BR $1,931
2024 Fair Market Rents in East Lynne, Missouri

How many units are rented at Fair Market Rent (FMR) in East Lynne?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 9 100 percent
Two BR 2 100 percent
Rental Units Below FMR in East Lynne, Missouri

How many affordable rental units are in East Lynne?

There are a variety of federal affordable housing programs serving households in East Lynne, Missouri including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in East Lynne, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in East Lynne, Missouri

East Lynne features 8 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in East Lynne, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in East Lynne.

Housing Choice Vouchers in East Lynne, Missouri

On average, Section 8 Housing Choice vouchers pay East Lynne landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in East Lynne.

The maximum amount a voucher would pay on behalf of a low-income tenant in East Lynne, Missouri for a two-bedroom apartment is between $1,132 and $1,384.

Sourced from federal housing data and AffordableHousingOnline.com research.